Cryptocurrency News

Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH


Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH

Ethereum’s native token Ether (ETH) fell to as low as $950 on Uniswap—a decentralized crypto exchange— this June 13, about 20% lower than its spot rate across other exchanges.

The incident happened at around 3:00 am UTC after a whale dumped 65,000 ETH for multiple «stablecoins,» including USD Coin (USDC), Tether (USDT) and Dai (DAI).

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